Data I/O Co. (NASDAQ:DAIO) Sees Large Drop in Short Interest

Data I/O Co. (NASDAQ:DAIO) saw a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 10,600 shares, a drop of 65.0% from the February 13th total of 30,300 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 25,500 shares, the short-interest ratio is currently 0.4 days.

Data I/O Stock Up 0.7 %

Shares of NASDAQ DAIO traded up $0.02 during trading on Friday, hitting $2.38. 239 shares of the company traded hands, compared to its average volume of 22,736. The firm has a market capitalization of $21.94 million, a P/E ratio of -12.50 and a beta of 0.90. The company has a 50-day moving average price of $2.88 and a 200-day moving average price of $2.69. Data I/O has a 1 year low of $2.29 and a 1 year high of $3.99.

Hedge Funds Weigh In On Data I/O

A number of large investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its position in Data I/O by 0.7% during the 4th quarter. Renaissance Technologies LLC now owns 503,643 shares of the electronics maker’s stock worth $1,395,000 after purchasing an additional 3,654 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Data I/O by 37.6% in the 4th quarter. Essex Investment Management Co. LLC now owns 39,063 shares of the electronics maker’s stock valued at $108,000 after acquiring an additional 10,679 shares during the period. Legato Capital Management LLC acquired a new position in shares of Data I/O during the 4th quarter valued at $30,000. Finally, Geode Capital Management LLC increased its holdings in Data I/O by 30.9% in the 3rd quarter. Geode Capital Management LLC now owns 96,512 shares of the electronics maker’s stock valued at $248,000 after purchasing an additional 22,804 shares in the last quarter. 36.95% of the stock is currently owned by hedge funds and other institutional investors.

Data I/O Company Profile

Data I/O Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of programming and security deployment systems and services for electronic device manufacturers in the United States, Europe, and internationally. Its programming system products are used to program integrated circuits (ICs) with the specific data for the ICs.